FSB’s Carney to target clearing for rest of 2016

The global regulator will look into the systemic implications of fintech innovation

The Financial Stability
Board’s chair Mark Carney has said the resilience
of central counterparties will be a priority for the global
regulator over the rest of the year.

In a letter to the G20 finance minister
and central bank governors, Carney highlighted the relative
stability of the global financial system in the face of the UK
referendum and downward revisions to long-term growth
expectations.